Nifty at Resistance Zone plus Intraday Share Tips

Intraday Share TipsIndian shares rise on Wednesday day trading as drug makers such as Glenmark Pharmaceuticals and Aurobindo Pharma gained after getting approvals for generic versions of a chartbuster cholesterol drug in the United States. The Bombay Stock Exchange Sensex closes at 27916 were gain by 128 points or impel raise by 0.46 percent. Nse Nifty Closes at 8566 were high by 37 points or hush pick by 0.44 percent. The S&P BSE Midcap settling at 12181, up by 109 points or by 0.90 percent, while S&P BSE Small cap closes at 12027 were up by 118 points, or 0.99 percent each on Intraday Stock Market Trading. Read More → “Nifty at Resistance Zone plus Intraday Share Tips”

Nifty Compressed plus Stock Market Tips for Intraday

Stock Market Tips For IntradayIndian Stock Market Shares rose a tad on Thursday day trading after falling earlier in the session as investors remained watchful ahead of quarterly corporate results and an expected government announcement on who would take over as the country’s next central bank chief. The Bombay Stock Exchange Sensex closes at 27942 were gain by 127 points or impel high by 0.46 percent. Nse Nifty Closes at 8565 were high by 46 points or hush zooms by 0.53 percent. The S&P BSE Midcap settling at 12115, up by 65 points or by 0.54 percent, while S&P BSE Small cap closes at 12069 were up by 87 points, or 0.73 percent each on Futures Trading Market.

Outlook for the Week:

On 14.07.2016: Jobless Claims and PPI-FD Data to be announced. Read More → “Nifty Compressed plus Stock Market Tips for Intraday”

Nifty Notice Late Rush and Best Intraday Tips Provider

Best Intraday Tips ProviderIndian Best Intraday Stock Markets reversed two sessions of losses to close higher on Thursday as poll booths opened for Britons to vote on a referendum about whether or not to exit the European Union. The Bombay Stock Exchange Sensex closes at 27002 were up by 237 point or impel high by 0.88 percent. Nse Nifty Closes at 8270 were credit by 67 points or plant slide glider up by 0.81 percent. The S&P BSE Midcap settling at 11436, up by 31 points or by 0.27 percent, while S&P BSE Small cap closer at 114446 down by 04 points, or 0.04 percent each on Intraday Stock Market Trading.

Sensex Major Resistance on Upside at 27134-27266-27398

Sensex Major Support on Downside at 26792-26582-26450

Trend Deciding Level at 26924

20 DSMA at 26730

40 DEMA at 26246

Short Term Trend: UP

Medium Term Trend: UP

Nifty Index Major Resistance on Upside at 8328-8385-8443

Nifty Index Major Support on Downside at 8170-8069-8012

Trend Deciding Level at 8227

20 DSMA at 8191

40 DEMA at 8039

Short Term Trend: UP

Medium Term Trend: UP

Major Headlines

KEC International Jumps that it has bagged a Rs. 1036 Crore Orders

Hubtown stir up with rotate

Deepak Fertilizers glides on ICRA demote

Nifty Indices

The Nifty opened flat but ended the trading session on a positive note. The Index traded in a narrow range for the most part of the session, but suddenly spurted in the last one-and-a-half-hours. We had mentioned in our earlier reports that the Nifty has given a breakout from a triangular pattern and a move towards recent high of 8295 is likely. After several days of consolidation, the Index today moved towards the swing high. Given that the Nifty has closed above 8260, a move towards 8300–8336 is likely now. However, this is a strong resistance zone. The Nifty may see a good run only if it manages to sustain above 8336–8350 levels. Hence, traders should now look to book profit or keep a trailing stop loss before Friday’s Brexit result. On the lower side, 8220–8165 will act as a support.

Meanwhile, the Bank Nifty has also given a breakout from a triangular pattern. Hence, a move towards 18000-18050 is likely. The Bank Nifty will gain momentum if it manages to sustain above 18050. On the downside, 17762–17527 will act as a support zone and on the higher side; 18000 – 18220 will act as a resistance.

The Nifty and the Bank Nifty are approaching significant resistance zones. It would be interesting to see if the Nifty and the Bank Nifty break out above these resistance levels or turn lower. Overall, the trend remains positive as long as the Nifty is trading above 7992. Thus, we shall maintain our short-term Nifty target of 8230.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8191 and 8039 respectively. The thrust indicator is trading in negative sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8214 and 8198 correspondingly, the hourly impetus indicator encompass turned positive.

The market duration was turned negative with 615 advances and 943 declines, Unchanged 88 Total Issue 1646 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8334-8379-8424

Nifty Future Major Support on Downside is at 8217-8145-8100

Trend Deciding Level at 8262

Bank Nifty Major Resistance on Upside at 18015-18135-18255

Bank Nifty Major Support on Downside at 17680-17465-17345

Trend Deciding Level is at 17800

30 Days Simple Moving Averages @ 8078

50 Days Simple Moving Averages @ 7986

150 Days Moving Averages @ 7706

200 Days Simple Moving Averages @ 7774

Best Intraday Tips Provider

Buy Nifty Fut above 8311 sl 8288 Tgt 8331-8356 {Or} Sell Below 8221 sl 8266 Tgt 8201-8176

Buy Bank Nifty Fut above 17960 sl 17910 Tgt 18010-18060 {Or} Sell Below 17845 sl 17895 Tgt 17795-17745

Multibagger Stock

Buy Emmbi Industries Limited 100 Target 130 Time Period: 6-9 Months

Curious Fact

Coca Cola India has 54 plants in India of which 24 are franchise plants, 25 are company-owned and 5 are co-packers. Coca Cola India sells a range of soft drinks including Coca-Cola, Thums Up, Fanta, Limca, Sprite and Maaza, among others.   .

Bears Rear Battle and Intraday Stock Market Trading Tips

Intraday Stock Market Trading TipsIndian Intraday Stock Market Shares fell more than 1 percent on Thursday Trading, heading for their fifth fall in six sessions, reflecting the negative sentiment across the globe after the Bank of Japan refrained from taking further stimulus steps. The Bombay Stock Exchange Sensex closes at 26525 were down by 201 point or impel low by 0.75 percent. Nse Nifty Closes at 8141 were down by 66 points or plant slide glider low by 0.80 percent. The S&P BSE Midcap settling at 11365, down by 42 points or by 0.37 percent, while S&P BSE Small cap closer at 11402 down by 62 points, or 0.55 percent each in today Intraday Stock Market Trading.

Sensex Major Resistance on Upside at 26755-26984-27214

Sensex Major Support on Downside at 26307-26088-25859

Trend Deciding Level at 26623

20 DSMA at 26437

40 DEMA at 26088

Short Term Trend: UP

Medium Term Trend: UP

Nifty Index Major Resistance on Upside at 8232-8322-8413

Nifty Index Major Support on Downside at 8063-7984-7894

Trend Deciding Level at 8153

20 DSMA at 8100

40 DEMA at 7989

Short Term Trend: UP

Medium Term Trend: UP

Major Headlines

Mahanagar Gas IPO to open on June 21

Cromptopn Greaves hits new high up less than 1%

Sequent Scientific faces suspension

Nifty Indices

The Nifty opened gap down and ended the trading session on a negative note. It was under pressure in the first half of the session, but bounced back from the crucial support zone of 8060 – 8080 toward the close of trade. Still, it eventually ended lower. After today’s fall, it seems that the Nifty is still in a corrective mode. If the Nifty doesn’t break the low of 8064, then it is likely forming a triangle pattern, which should break on the upside. On the other hand, a move toward 8040 – 8025 is possible if the Nifty breaks the low of 8064. However, the short-term uptrend in the Nifty is still intact as long as it stays above 7992. The Nifty will gain momentum on the upside if it crosses 8220. On the downside, the Nifty will gain momentum once it breaks below 7992. The broader range for the Nifty is 7992 – 8350. The Index may continue to trade within the broader range till it breaches either end of the range.

Meanwhile, the Bank Nifty is also in a corrective mode. It will gain momentum once it sustains above 18,000 levels, otherwise it may also continue to trade within a broad trading range of 17000 – 18000. Near-term support for the Bank Nifty is around 17527 – 17350 levels, whereas near-term resistance levels are 17762 – 17943.

Overall, the Nifty and the Bank Nifty are in a corrective mode, but every dip can be seen as a buying opportunity. We shall maintain our positive bias on the Nifty for a short-term target of 8520 as long as it is trading above 7992.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8100 and 7989 respectively. The thrust indicator is trading in negative sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8122 and 8143 correspondingly, the hourly impetus indicator encompass turned negative.

The market duration was turned negative with 535 advances and 1031 declines, Unchanged 76 Total Issue 1642 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8203-8253-8303

Nifty Future Major Support on Downside is at 8094-8035-7985

Trend Deciding Level at 8144

Bank Nifty Major Resistance on Upside at 17808-17957-18105

Bank Nifty Major Support on Downside at 17522-17385-17236

Trend Deciding Level is at 17671

30 Days Simple Moving Averages @ 8003

50 Days Simple Moving Averages @ 7916

150 Days Moving Averages @ 7692

200 Days Simple Moving Averages @ 7767

Intraday Stock Market Trading Tips

Buy Nifty Fut above 8177 sl 8155 Tgt 8197-8222 {Or} Sell Below 8111 sl 8133 Tgt 8091-8066

Buy Bank Nifty Fut above 17733 sl 17688 Tgt 17783-17833 {Or} Sell Below 17600 sl 17644 Tgt 17550-17500

Multibagger Stock

Buy Emmbi Industries Limited 100 Target 130 Time Period: 6-9 Months

Curious Fact

Many Hamsters only blink one eye at a time.   .

Nifty Stirred Neck to Neck and Share Tips Intraday

Share Tips IntradayIndian Intraday shares ended marginally lower on Tuesday, after hitting their highest intraday level in nearly two and half months, tracking weakness in Asian peers, which fell nearly 1 percent. The Bombay Stock Exchange Sensex closes at 28172 were puma down by 37 points or drive down by 0.13 percent. Nse Nifty Closes at 8511 were quick healing down by 11 points or plant slide nike down by 0.13 percent. The BSE Midcap and Smallcap indices ending at 0.5 percent and 0.6 percent respectively each in today Intraday Stock Market Trading.

Sensex Major Resistance on Upside at 28037-28443-28578

Sensex Major Support on Downside at 28062-27953-27817

Trend Deciding Level at 28198

Nifty Index Major Resistance on Upside at 8567-8624-8680

Nifty Index Major Support on Downside at 8470-8430-8373

Trend Deciding Level at 8527

Major Headlines

IRB Infra received LOA from NHAI for project of six lane of Agra-Etawah Highway

MEP Infra gets rights to collect user fee at Makhanpur-Etawah Highway

Promoters of Electrosteel Steels may lose control over company

Nifty Indices

The Nifty opened in the positive territory marginally and closed in the negative territory marginally with an intra-day volatility which has led to a formation of a spinning top candlestick pattern. Generally, this pattern signals a reversal and the pattern formed on the hourly charts appears like a rising wedge, hence till the time today’s swing high of 8562 is not taken off the possibility of a reversal has increased. On the lower side, 8386 now has becomes a very crucial support, hence we change the reversal for the short term to 8386 as below that level it will confirm the downside breakout. The Bank Nifty has provided a breakout from the downtrend line and it has retested the same in today’s session, however, the rise from the bottom appears to be an impulsive one which indicates that once it breaks its previous swing low of 18417 the bears will have an upper hand. The momentum indicators are still in a buy mode on the daily charts and with that we continue to maintain the short-term bias up.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8280 and 8326 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8488 and 8456 correspondingly, the hourly impetus indicator encompass turned negative.

The market duration was turned positive with 915 advances and 593 declines, Unchanged 54 Total Issue 1562 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8564-8603-8641

Nifty Future Major Support on Downside is at 8484-8443-8404

Trend Deciding Level at 8523

Bank Nifty Major Resistance on Upside at 18977-19133-19290

Bank Nifty Major Support on Downside at 18683-18545-18389

Trend Deciding Level is at 18839

30 Days Simple Moving Averages @ 8260

50 Days Simple Moving Averages @ 8269

150 Days Moving Averages @ 8462

200 Days Simple Moving Averages @ 8382

5 Days Rsi at 76 and 14 Days Rsi at 63 Indicates Nifty Place in Bullish Zone, with Bullish Moment.

Share Tips Intraday

Buy Nifty Fut above 8560 sl 8535 Tgt 8580-8605 {Or} Sell Below 8485 sl 8510 Tgt 8465-8440

Buy Bank Nifty Fut above 18900 sl 18850 Tgt 18950-19000 {Or} Sell Below 18750 sl 18800 Tgt 18700-18650

Curious Fact

The Easter Island heads actually have bodies.

Nifty Fight for Monthly Close and Share Tips Intraday

Share Tips IntradayIndian Intraday shares edged lower on Friday as private lenders retreated after the central bank's stress tests showed a significant jump in bad loans for the sector, but indexes still posted a second consecutive week of gains. The Bombay Stock Exchange Sensex closes at 27812 were puma down by 84 points or drive down by 0.30 percent. Nse Nifty Closes at 8381 were quick healing down by 17 points or plant slide nike down by 0.20 percent. The mid-cap and small-cap indices ended flat at 10,686 and 11,124 respectively each in Friday Intraday Share.

Sensex Major Resistance on Upside at 27971-28129-28288

Sensex Major Support on Downside at 27666-27519-27361

Trend Deciding Level at 27824

Nifty Index Major Resistance on Upside at 8412-8443-8474

Nifty Index Major Support on Downside at 8345-8309-8278

Trend Deciding Level at 8376

Major Headlines

GVK Power rallies 6%

India Cements gained 5%

Jain Irrigation says promoter releases pledge on 17.1 lakh shares on June 25

ICICI Bank marginally reduces base rate to 9.70% from 9.75%

Nifty Indices

The Nifty has closed in the positive territory for the second consecutive week and there has been a follow-up buying after the bullish engulfing candlestick pattern formed last week. However, it’s being unable to take off its crucial downtrend line resistance and so we have kept our short-term bias down on Nifty in anticipation of some profit booking. The Bank Nifty too has been facing resistance near the downtrend line which indicates that only if the previous swing highs are taken off on immediate basis then there will be a continuation of the trend or the uptrend may take a pause. On the flip side, if the previous swing highs of 8460 and 8490 are taken off then there will be a medium-term reversal on charts. So, the coming week will be quite important as we have a monthly close on the index too, hence it will be crucial who wins the battle.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8180 and 8274 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading between the Twenty-hourly moving averages (HMA) and the Forty-HMA, ie 8383 and 8334 correspondingly, the hourly impetus indicator encompass turned negative.

The market duration was turned negative with 573 advances and 887 declines, Unchanged 72 Total Issue 1532 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8416-8452-8488

Nifty Future Major Support on Downside is at 8342-8304-8268

Trend Deciding Level at 8378

Bank Nifty Major Resistance on Upside at 18498-18639-18780

Bank Nifty Major Support on Downside at 18193-18029-17888

Trend Deciding Level is at 18334

30 Days Simple Moving Averages @ 8249

50 Days Simple Moving Averages @ 8262

150 Days Moving Averages @ 8464

200 Days Simple Moving Averages @ 8370

5 Days Rsi at 80 and 14 Days Rsi at 60 Indicates Nifty Place in Bullish Zone, with Bullish Moment.

Share Tips Intraday

Buy Nifty Fut above 8395 sl 8372 Tgt 8413-8436 {Or} Sell Below 8372 sl 8395 Tgt 8354-8331

Buy Bank Nifty Fut above 18400 sl 18350 Tgt 18450-18500 {Or} Sell Below 18300 sl 18350 Tgt 18250-18200

Weekly Calls 29-06-2015 to 03-07-2015

Buy Garwallop above 206.50 sl 180 Tgt 225

Buy Amtekauto above 161 sl 158 Tgt 171

Curious Fact

A Giraffe can clean its ears with its 50 cm (20 In) Tongue.

A Activist week Forward of expiry and Futures Trading Tips

Futures Trading TipsIndian Futures Trading shares rose about 0.5 percent to a four-week high on Friday after State Bank of India reported a lower-than-expected bad loan ratio and a sharp increase in profits, raising optimism about the banking sector. The Bombay Stock Exchange Sensex closes at 27837 were puma up by 192 points or drive up by 0.69 percent. Nse Nifty Closes at 8423 were quick healing up by 58 points or plant slide nike up by 0.69 percent. The midcap and smallcap indices however underperformed the benchmark indices to end flat at 10,619 and 11,207 respectively in Intraday Futures Trading Market.

Sensex Major Resistance on Upside at 28075-28194-28312

Sensex Major Support on Downside at 27834-27712-27593

Trend Deciding Level at 27953

Nifty Index Major Resistance on Upside at 8508-8556-8605

Nifty Index Major Support on Downside at 8392-8324-8276

Trend Deciding Level at 8440

Major Headlines

SBI Q4 above Estimates; Asset Quality Improves

Strides Arcolab Q4 net profit at Rs 70 cr (YoY)

Punj Lloyd Q4FY2015 earnings boosted by sale of Global Health Pvt Ltd

Karnataka Bank Good Q4 Earnings; Net Profit rose by 65.52%

Nifty Indices

The Nifty closed in the positive territory for the week and missed our short-term target by just a few points. Had the Bank Nifty not turned a spoilsport today the Nifty might have achieved our target. Now on the upside, 8504 is an immediate resistance that needs to be taken off in order to gain momentum. On the lower side, the immediate support is pegged at 8382. Hence, in order to continue with the higher-top-and-higher bottom formations, the index needs to hold on to its nearest support of 8382.

The Bank Nifty has to hold on to its crucial support of 18108 in order to keep the short-term trend up as below that level the probability of a downside will increase because it will then invalidate the falling wedge pattern. Next week being an expiry week, we expect a lot of volatility. Therefore, traders are advised to trade cautiously.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8271 and 8409 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8430 and 8382 correspondingly, the hourly impetus indicator encompass turned negative.

The market duration was turned negative with 625 advances and 840 declines, Unchanged 70 Total Issue 1535 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8489-8533-8577

Nifty Future Major Support on Downside is at 8401-8357-8313

Trend Deciding Level at 8445

Bank Nifty Major Resistance on Upside at 18703-19067-19430

Bank Nifty Major Support on Downside at 17998-17657-17293

Trend Deciding Level is at 18362

30 Days Simple Moving Averages @ 8385

50 Days Simple Moving Averages @ 8471

150 Days Moving Averages @ 8453

200 Days Simple Moving Averages @ 8318

5 Days Rsi at 69 and 14 Days Rsi at 53 Indicates Nifty Place in Trading Zone, with Bullish Moment.

Futures Trading Tips

Buy Nifty May Intraday Fut above 8464 sl 8441 Tgt 8482-8505 {Or} Sell Below 8441 sl 8464 Tgt 8423-8400

Buy Bank Nifty May Intraday Fut above 18400 sl 18350 Tgt 18450-18500 {Or} Sell Below 18300 sl 18350 Tgt 18250-18200

Pick of the Week 25.05.2015 to 29.05.2015

Buy Gail above 400 sl 380 Tgt 430-460

Buy Sfcl above 171 sl 155 Tgt 180-205

Curious Fact

If You are 100 years old, there’s an 80% chance you’re WOMEN.

Nifty looming break out and Share Tips Intraday

Share Tips IntradayIndian Intraday shares edged lower on Thursday, dragged down by losses in blue chips on rising bond yields in Europe, while export-oriented stocks dropped as the rupee rose above the key 64 level on inflows ahead of disinvestments in key companies. The Bombay Stock Exchange Sensex closes at 27206 were nick down by 45 points or drive down by 0.17 percent. Nse Nifty Closes at 8224 were wound down by 11 points or plant slide down by 0.14 percent. The BSE Midcap and Smallcap indices outperformed their large counterparts to end higher by nearly 1 percent each at 10,526 and 10,972 respectively in Intraday Share Market Trading.

Sensex Major Resistance on Upside at 27363-27520-27678

Sensex Major Support on Downside at 27006-26806-26649

Trend Deciding Level at 27163

Nifty Index Major Resistance on Upside at 8276-8328-8381

Nifty Index Major Support on Downside at 8156-8088-8036

Trend Deciding Level at 8208

Major Headlines

April WPI Inflation at -2.65% Vs -2.33% (MoM)

Oriental Bank Fourth Quarter asset quality improves

DB Corp Fourth Quarter earnings below estimates

Indian Bank Fourth Quarter net profit at Rs 206 cr

Nifty Indices

The Nifty opened flat and then fell sharply in the first half of the trading session but finally recovered in the second half of the trading session, just as it had done yesterday. Now in this volatility, it has formed a triangular pattern which has a range of 8255 to 8137 levels. Traders should take positions on whichever side it breaks out. The broader indices were well in positive territory today, viz the mid-cap and small-cap indices were in the green while the Bank Nifty closed in the positive territory too. The momentum indicator has also provided a positive cross-over. Based on these observations we think that the probability of an upside is higher. Hence, we maintain our short-term bias up for a target of 8355.

In the daily chart the index is trading below the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8305 and 8416 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8181 and 8199 correspondingly, the hourly impetus indicator encompass turned positive.

The market duration was turned positive with 868 advances and 598 declines, Unchanged 65 Total Issue 1531 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8282-8234-8367

Nifty Future Major Support on Downside is at 8170-8100-8058

Trend Deciding Level at 8212

Bank Nifty Major Resistance on Upside at 18298-18442-18585

Bank Nifty Major Support on Downside at 17898-17642-17498

Trend Deciding Level is at 18042

30 Days Simple Moving Averages @ 8428

50 Days Simple Moving Averages @ 8534

150 Days Moving Averages @ 8434

200 Days Simple Moving Averages @ 8297

5 Days Rsi at 49 and 14 Days Rsi at 44 Indicates Nifty Place in Trading Zone, with Bullish Moment.

Share Tips Intraday

Buy Nifty May Intraday Fut above 8270 sl 8245 Tgt 8290-8315 {Or} Sell Below 8200 sl 8225 Tgt 8180-8155

Buy Bank Nifty May Intraday Fut above 18225 sl 18175 Tgt 18275-18325 {Or} Sell Below 18085 sl 18135 Tgt 18035-17985

Results on 15 May’2015

Nestle India, JK Lakshmi, Jain Irrigation, Videocon Inds, Torrent Pharma, JSW Steel, Cox & Kings, Dena Bank, BF Utilities, Cadila Healthcare, HDIL, Edelweiss, IL&FS Transport

Curious Fact

Japan Voted Ramen Noodles as their greatest 20th Century Invention.

Cease In Greece Troubles and Commodity Trading Tips

Commodity Trading TipsGold Commodity as of major developments during the week, we continue to see negative factors affecting the metal on macroeconomic or even its consumption side. Looking at the Greece stalemate, the Finance ministers of EU region and Greece government officials finally reached a short-term consensus over the Greece government finances wherein the latter was extended the bailout funds for four months. The government however should submit a list of economic measures it will undertake this Monday.

Though still Greece issue is not completely over, markets broadly are not very much concerned even in a worst case scenario if the country leaves the EU region as recently seen from comments out of German ministers. In the current state, when problem is probably leading to at-least short-term conclusion, it might add bearish bets for gold which is seen as a hedge against economic and political uncertainty.

Onto the demand side, we are witnessing lack of physical consumption for the metal especially from major consumer China wherein the nation in going through its week long Lunar holiday. Participation in less as number of other major Asian economies too celebrate the Lunar holiday which hurt additional demand prospects for the commodity. Though ETF investments did saw stabilization, ETF Gold Holdings has become more of lagging indicators lately and most likely that if gold commodity witnesses a good fall in coming weeks, we might see drop in ETF holdings.

Nevertheless, there were some small but constructive positive steps from the local markets front for the commodity. The RBI during the week allowed Banks to import gold on a "consignment basis." Banks and trading houses will be allowed to bring in gold with no conditions attached which is expected to boost domestic buying in the coming months. Gold imports in India have remained low in last couple of months despite the GoI withdrawing the highly tightening 80-20 in November. Imports remained lower as importers and waited for more clarity wherein the latest cues should come out as a shot in the arm for local Jewellery and other gold Importers. As per Prithviraj Kothari, ED of “India Bullion and Jeweler’s Association, Gold imports may increase to 75-90 MT in coming months as against about 40 MT lately.

On a cumulative note, while China continues to lag, at least we are getting some optimistic cues developing in India, Gold world’s largest consumer. However, as we have said earlier as well, gold is once such commodity which takes major cues from macro-economic side rather than its own demand –supply matrix. On that note, ease in Greece troubles, ceasefire in Ukraine-Russia border, rising equities and largely positive US Dollar might continue to act negative pressure on the metal in coming week. We hold our selling stance in the commodity on higher levels in the coming week on gold.

Risk factor:

1) Gold saw high volatility during middle sessions last week as Gold prices also remained supported as FED Meeting minutes release showed some policymakers were in favor of holding interest rates low for longer. This change in guard from the FED officials supported the commodity to move towards its major Resistance zone around $1225-1230 per ounce on Thursday.

2) In the coming week, we have US Inflation number along with GDP though major focus would be on FED Chari Janet Yellen’s Testimony on Feb 24-25which may take the markets and Gold on a good ride on either side. While major economic indicators still point towards positive footing in the US economy, it may be possible that Yellen might not come out highly Dovish which could indirectly fuel good rally in the USDX and continue to weigh on the yellow metal. However risk would remain higher during middle sessions in the next week.

Gold Commodity Weekly Trend:

Support at 25800-25400

Resistance at 26600-26950

Trend: Down Side

Silver Commodity Trading as of major cues for the metal next week we are going to witness a number of macroeconomic events taking place in the West with host of economic data due from the US while Chinese markets which area on a week long holiday due to the Lunar New Year would come back to normal on Wednesday. While Gold commodity is largely expected to trade on a negative note backed by major developments seen on the Equity, Greece and Currency side; we believe silver might not be able to hold itself back against the broad negative pressure in the complex. On top of that, additional negative cues which hurt the commodity is subdued to mix trading in industrial metals globally. In coming week, we have the preliminary HSBC manufacturing PMI data released on Wednesday. The Chinese PMI has been in the contraction mode for a few months and is expected to further deteriorate to 49.6 thereby weighing heavily upon selective commodities and including Silver commodity backed by its consumption pattern in precious and industrial metal. Overall we hold selling stance in the whitish metal s well in the next week.

Silver Commodity Weekly Trend:

Support at 35300-34400

Resistance at 37000-37800

Trend: Down Side

Commodity Trading Tips:

Sell Gold Mcx Apr on rise near 26500-26600 sl 26950 Tgt 25950

Sell Silver Mcx Mar on rise near 37000-37100 sl 37860 Tgt 35650-35300

Sell Crude Oil Mcx Mar on rise near 3300-3320 sl 3450 Tgt 3120-3030

Nifty Turning Crest above 8700 and Intraday Stock Market Trading Tips

Intraday Stock Market Trading TipsIndian Intraday Stock Market Trading edged higher, hitting a record high for the second consecutive day and gaining for the fifth straight session, as blue-chips rose on hopes of additional monetary policy easing, while strong regional markets also helped. The Bombay Stock Exchange Sensex closes at 28888 were nick up by 104 points or drive up by 0.36 percent. Nse Nifty Closes at 8730 were wound up by 34 points or plant slide up by 0.39 percent. The BSE Midcap and Smallcap indices were down 0.2 percent each in Intraday Stock Market Trading.

Sensex Major Resistance on Upside at 28966-29044-29122

Sensex Major Support on Downside at 28794-28700-28622

Trend Deciding Level at 28872

Nifty Index Major Resistance on Upside at 8750-8770-8789

Nifty Index Major Support on Downside at 8701-8672-8652

Trend Deciding Level at 8721

Major Headlines

Navin Flourine Q3 net profit at Rs 14.2 crore versus Rs 6.8 crore (YoY)

SEBI to exempt promoters of Spicejet from open offer

Crompton Greaves wins USD 26 million contract to reinforce Indonesia's grid

ITC Q3 net profit up 10.5 percent at Rs 2,635 cr Vs Rs 2,385 cr (YoY)

Nifty Indices

The Nifty managed to close above the 8700 mark which is a positive sign going forward. However, it has formed a spinning top candlestick pattern which indicates some pause. So, it would be important for the index to not open with a gap down in order to avoid an evening star candlestick which would be a bearish reversal candlestick pattern. On the hourly chart it seems to be forming a triangular pattern in its wave iv of a minute degree, so the probability of a break-out on the upside is high. However, tomorrow’s opening will be very crucial. The Bank Nifty is trading well above its trend line resistance, hence 19600 is very important. The weekly momentum indicator has reversed and it is on the verge of giving a buy cross-over.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8342 and 8342 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8641 and 8561 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned positive.

The market duration was turned negative with 620 advances and 906 declines, Unchanged 71 Total Issue 1597 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8766-8790-8813

Nifty Future Major Support on Downside is at 8713-8683-8660

Trend Deciding Level at 8737

Bank Nifty Major Resistance on Upside at 19983-20086-20190

Bank Nifty Major Support on Downside at 19803-19726-19623

Trend Deciding Level is at 19906

30 Days Simple Moving Averages @ 8300

50 Days Simple Moving Averages @ 8366

150 Days Moving Averages @ 8020

200 Days Simple Moving Averages @ 7763

5 Days Rsi at 88 and 14 Days Rsi at 70 Indicates Nifty Place in Bullish Zone, with Bullish Moment.

Intraday Stock Market Trading Tips

Buy Nifty Jan Intraday Fut above 8755 sl 8730 Tgt 8775-8800 {Or} Sell 8705 sl 8730 Tgt 8685-8660

Buy Bank Nifty Jan Intraday Fut above 19950 sl 19900 Tgt 20000-20050 {Or} Sell Below 19850 sl 19900 Tgt 19800-19750

Weekly Calls

Buy Astra Micro above 141 sl 123 Tgt 156

Buy Orientref above 100 sl 85 Tgt 112

Curious Fact

The Huang He or Yellow River, in China, got its name because of the water, which is caused by the silt it carries.